Crypto is a zero-sum game. (If you neglect mining cost, otherwise it’s negative sum). You can get rich with crypto, but the expectation is that for every dollar you put in, you get a dollar out. It’s mathematically impossible for every bitcoiner to make a profit 📈.
Which raises the question: could crypto be used as money independently of dollars entirely? As in, you get paid in crypto, use it for savings, and eventually spend it?
most people had the opportunity to mine crypto a decade and a half ago and hold until now
most people had the opportunity to play the lottery
Crypto is a zero-sum game. (If you neglect mining cost, otherwise it’s negative sum). You can get rich with crypto, but the expectation is that for every dollar you put in, you get a dollar out. It’s mathematically impossible for every bitcoiner to make a profit 📈.
Which raises the question: could crypto be used as money independently of dollars entirely? As in, you get paid in crypto, use it for savings, and eventually spend it?
Yes, theoretically. Would be a 100 year step backwards, though.
you just need enough suckers to lose money
Exactly. So even when you win, someone else loses.
it’s just like that book so many people worship said, place all the debt on one person and let them starve/bleed out
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